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Moen on Efforts to Improve Access to Student Loan Forgiveness for Public Employees

(TRENTON) – On Monday, Assemblyman Bill Moen (D-Camden, Gloucester) participated in a roundtable with Governor Murphy, U.S. Under Secretary of Education James Kvaal, and Federal Student Aid Chief Operating Officer Rich Cordray at TCNJ regarding the Public Service Loan Forgiveness (PSLF) Program.  The panelists met with public service employees to discuss and highlight the PSLF program and the steps to help public employees obtain student loan forgiveness.

Assemblyman Moen currently sponsors two measures that would help support public employees who face student loan debt.  The first bill (A-1586) bill would require an employer in the State who is designated as a qualifying employer under the federal Public Service Loan Forgiveness Program (PSLF) to provide information concerning the PSLF program to employees during the explanation of benefits conducted at the beginning of employment.  The second bill (A-3869) would require institutions of higher education and government employers to provide information to certain students and employees, as applicable, concerning the Public Service Loan Forgiveness (PSLF) program.

Assemblyman Moen issued the following statement:


“Public employees work tirelessly to improve the lives of all New Jerseyans, however, their compensation often does not compare to that of private-sector jobs. These teachers, first responders and civil servants are critical to keeping our State running and we must support them,” said Assemblyman Moen.  “Without programs like the federal Public Service Loan Forgiveness program, many public employees would be burdened with a significant amount of debt, myself included. Expanding the PSLF program with waivers to help people get credit for their past payments is a step in the right direction. I encourage all eligible public employees to take advantage of this opportunity while it is still available.”